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Okta, Inc. - OKTA STOCK NEWS

Welcome to our dedicated page for Okta news (Ticker: OKTA), a resource for investors and traders seeking the latest updates and insights on Okta stock.

Okta, Inc. (Symbol: OKTA) is the leading independent provider of identity solutions for enterprises. Headquartered in San Francisco, Okta operates globally, ensuring the security and efficiency of digital interactions for many of the world's largest companies. The core of Okta's business lies in its Okta Identity Cloud, which connects and protects employees, partners, suppliers, and customers. With deep integrations to over 5,000 applications, the Okta Identity Cloud enables secure and seamless access from any device.

Okta serves thousands of customers, including notable names like Experian, 20th Century Fox, LinkedIn, Flex, News Corp, Dish Networks, and Adobe. These clients trust Okta to enhance productivity, boost revenue, and maintain robust security measures. The company's solutions cater to two key stakeholder groups: workforces and customers. For workforces, Okta provides secure access to both cloud-based and on-premises resources, ensuring that employees can work efficiently and safely. For customers, Okta ensures secure access to their clients' applications, fostering trust and reliability.

Okta has consistently achieved significant milestones since going public in 2017. The firm's financial condition remains strong, backed by strategic partnerships and continuous innovation in identity and access management. Recent projects focus on expanding the capabilities of the Okta Identity Cloud, enhancing user experience, and incorporating the latest security advancements.

Committed to helping organizations fulfill their missions faster, Okta’s technology is designed to be intuitive and secure. The company’s cloud-native approach positions it as a forward-thinking leader in the cybersecurity space, adapting rapidly to the evolving digital landscape.

Stay updated with the latest developments and news about Okta, Inc. by following the most recent updates:

  • Article on Okta's recent security advancements
  • Interview with Okta's CEO on future directions
  • Partnership announcement with a major tech firm
  • Quarterly financial performance report
  • Case study on Okta's impact on a leading enterprise
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Okta (NASDAQ: OKTA) has announced it will release its third quarter fiscal year 2025 financial results on December 3, 2024, after U.S. market close. The company will host a live video webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. The webcast will be accessible through the Okta investor relations website, where both the press release and a replay of the webcast will be available.

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NetHope has announced the launch of the Partner Collective for the Global Humanitarian Information Sharing and Analysis Center (Global Humanitarian ISAC) at their 2024 Global Summit. The initiative brings together key organizations including Okta, Cisco, BeyondID, NGO-ISAC, SANS, and Slack to enhance cybersecurity for humanitarian and conservation nonprofits. These partners will provide funding, expertise, tools, and technology to support the center's mission.

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NetHope and Okta have announced a strategic partnership to enhance cybersecurity across the nonprofit sector. The initiative is supported by a $2.5 million commitment from Okta for Good over five years. The partnership focuses on three key areas: supporting the Global Humanitarian ISAC and Dial-A-CISO Program, building nonprofit cyber leadership ecosystem, and accelerating digital transformation of nonprofits. According to NetHope's 2024 report, 65% of nonprofit members experienced security breaches in the past year, and over half lack confidence in their cybersecurity management. This collaboration aims to protect nonprofits serving billions of vulnerable people worldwide from rising cyber threats.

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Okta has announced a new Customer Identity Cloud product called Auth for GenAI, designed to help developers and organizations secure identity in Generative AI applications. This product aims to address the rapid incorporation of GenAI into applications, with AI spending expected to increase from $20 billion in 2024 to over $200 billion by 2028.

Key features of Auth for GenAI include:

  • User Authentication in popular GenAI frameworks
  • Third-party API integration for agents to act on users' behalf
  • Async Authentication for background AI agent actions
  • Fine Grained Authorization for Retrieval Augmented Generation (RAG)

Okta also introduced the Developer Portal to help make APIs AI-ready, along with other innovations such as Universal Logout, Self-service SSO and SCIM, and Advanced Customization for Universal Login.

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Okta and the OpenID Foundation have announced the formation of a working group to establish a new identity security standard called Interoperability Profile for Secure Identity in the Enterprise (IPSIE). This initiative aims to provide a framework for SaaS companies to enhance end-to-end security across their technology stack. The working group includes Ping Identity, Microsoft, SGNL, and Beyond Identity.

Key aspects of IPSIE include:

  • Single Sign-On
  • Lifecycle Management
  • Entitlements
  • Risk Signal Sharing
  • Session Termination

Okta has also introduced the Secure Identity Assessment (SIA), an approach to help organizations reduce identity debt and improve their security posture. SIA offers comprehensive identity evaluation, tailored recommendations, and proactive risk reduction strategies.

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Okta has announced new Workforce Identity Cloud capabilities to address key security challenges in enterprise identity management. These innovations aim to protect businesses before, during, and after authentication, offering enhanced control, visibility, and user experience. The updates focus on:

1. Secure SaaS Service Accounts: To manage non-federated SaaS accounts with vaulting, credential rotation, and step-up MFA.

2. Governance Analyzer with Okta AI: To provide insights for informed authorization decisions.

3. Out-of-the-box Integrations for Identity Verification: To strengthen user verification against social engineering and deepfake attacks.

4. Extended Device Single Sign-On: To deliver a more secure and seamless SSO experience.

These advancements aim to address the growing threats in enterprise identity, with 80% of breaches involving compromised credentials and a 700% surge in deepfake incidents in the financial sector over the past year.

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Okta, the leading independent Identity partner, has announced the webcasting of its Oktane Opening Keynote and Investor Summit on October 16, 2024. The events will be streamed live on Okta's investor relations website.

The schedule is as follows:

  • Oktane Opening Keynote - The Future of Identity Security: 9:00 a.m. Pacific time (12:00 p.m. Eastern time)
  • Okta Investor Summit: 11:00 a.m. Pacific time (2:00 p.m. Eastern time)

Webcast replays will be available on the investor relations website after the events. Okta, known as The World's Identity Company™, provides identity security solutions for businesses and developers. The company uses its websites to disclose material information and comply with Regulation FD.

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Okta, a leading identity and access management company, has announced the three finalists for its inaugural Okta SaaS Startup Competition. The finalists - Block Party, RunReveal, and Validia - were selected for their innovative use of identity-enabled workflows. These early-stage startups will pitch their cutting-edge applications leveraging identity, privacy, and security live at Oktane24 in Las Vegas from October 15-17, 2024.

The competition offers finalists the chance to win prizes and gain access to a global network of identity management experts and venture capitalists. Attendees of Oktane24 will have the opportunity to witness the live pitches on October 15th and be part of the audience that decides the future of identity-driven startups. The event is positioned as a must-attend for those interested in identity security, application development, and startup innovation.

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Okta (NASDAQ:OKTA) has announced significant enhancements to its Auth0 Free Plan and paid plans, aimed at providing developers with improved scalability, security, and customization options. The Auth0 Free Plan now includes:

  • Increased capacity to 25,000 monthly active users
  • Passwordless authentication
  • Unlimited social & Okta connections
  • Custom domain support

Paid plans now offer enterprise-grade identity security with multi-factor authentication (MFA), SCIM support, and enhanced log retention. These upgrades are designed to help developers combat increasingly sophisticated AI-powered bot attacks and meet the growing demand for rapid application deployment. The expanded features aim to strengthen authentication mechanisms, simplify customization of sign-up and login experiences, and provide a more secure and user-friendly identity management solution for businesses.

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Okta, Inc. (Nasdaq: OKTA), the leading independent Identity partner, has announced its participation in two upcoming investor conferences. Brett Tighe, CFO, will present at the Citi 2024 Global TMT Conference on September 5, 2024, at 11:10 a.m. Pacific time. Todd McKinnon, CEO and Co-Founder, will present at the Goldman Sachs 2024 Communacopia & Technology Conference on September 10, 2024, at 3:45 p.m. Pacific time.

Both presentations will be webcast live on Okta's investor relations website, with replays available after the events. Okta, known as The World's Identity Company™, provides customer and workforce solutions for authentication, authorization, and more. The company uses its investor website and blogs to disclose material information and comply with Regulation FD.

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FAQ

What is the current stock price of Okta (OKTA)?

The current stock price of Okta (OKTA) is $76.93 as of November 14, 2024.

What is the market cap of Okta (OKTA)?

The market cap of Okta (OKTA) is approximately 13.1B.

What does Okta, Inc. do?

Okta provides identity and access management solutions for enterprises, ensuring secure connections for employees, partners, and clients.

What is the Okta Identity Cloud?

The Okta Identity Cloud is a platform that integrates with over 5,000 apps, enabling secure access to resources from any device.

Who are Okta’s key clients?

Notable clients include Experian, 20th Century Fox, LinkedIn, Flex, News Corp, Dish Networks, and Adobe.

When did Okta go public?

Okta went public in 2017.

What are Okta’s main offerings?

Okta's main offerings are identity solutions for workforces and customers, ensuring secure access to cloud-based and on-premises resources.

How does Okta enhance security?

Okta enhances security through deep integrations with numerous applications and offers secure access from any device.

What recent achievements has Okta accomplished?

Recent achievements include advancements in security features, strategic partnerships, and continuous innovation in identity management.

Where is Okta headquartered?

Okta is headquartered in San Francisco, California.

What strategic partners does Okta collaborate with?

Okta collaborates with a wide range of partners, including major tech firms and enterprises, to enhance its service offerings.

How does Okta help organizations achieve their goals?

Okta helps organizations by providing secure and easy-to-use technologies, allowing them to work efficiently and safely, ultimately fulfilling their missions faster.

Okta, Inc.

Nasdaq:OKTA

OKTA Rankings

OKTA Stock Data

13.13B
162.41M
0.59%
87.04%
2.1%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
SAN FRANCISCO